Posts by Cate Bakos
One of the worst reasons to buy an investment property
Every week, without fail I speak to prospective investors who wish to purchase investment properties with high depreciation benefits. Likewise we get targeted by marketing groups offering lucrative commissions for their brand new, Off-The-Plan stock. Explaining why we don’t target brand new comes as a shock to some, but the reason is simple. When depreciation…
Read MoreApproaching the Competitive Phase of the Negotiations – API Magazine
When is the best time to renovate?
When renovating your home, your personal situation and preferences will typically be the drivers for your decisions. In contrast, renovating your investment property needs to be considered as a business decision. The extent and timing of your renovation will depend on a host of factors, and your own tastes should be the last thing to…
Read MoreThe correlation between property scarcity and auction result
This weekend’s clearance rate dipped to the lowest point so far for this year, yet two of the auctions we bid at flew past reserve and had multiple bidders striving for the keys. What was it about these two properties that defied current market conditions? Scarcity. But this late spring market, plagued by finance delays…
Read MoreA squatter’s $1.6m windfall & A tough message & Boomers in the driver’s seat – Podcast
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Read MoreKeep your friends close and your agent closer
We can’t pretend that real estate agents don’t get stereotyped. Many buyers don’t trust agents, and assume that a lot of what they say is a fabrication or exaggeration. It’s true that the agent is working for the vendor, but they also have an incentive to assist and coach the buyer. Without a buyer, there isn’t a…
Read MoreCheck your attitude at the auction door – Realestatetalk.com.au
Buying with your future plans in mind
Recognising that our needs will change and lifestyle will evolve is important. Provisioning for this in advance can be clever. But how far out is too far out when it comes to predicting your timeframe? I meet with prospective clients often who have this strategy in mind and some reasons are completely rational, yet others are…
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